Michigan is ROUGH.
People not from Michigan don't realize what the auto industry means to us. GM, Ford and Chrysler employ (indirectly) almost everyone in the entire metro area of Detroit. If one of them goes under, suppliers will go, then those suppliers won't be able to supply parts for other cars. The other 2 of the "big 3" will topple soon after. People won't be able to pay their mortgages. People who went out to eat and shopped around their work will no longer do so. Restaurants will go under. Sporting events are already barren... they would have to leave town if the big 3 all go under. Believe me i sit courtside and everyone at all of the sporting events are automotive related. All of the unemployed people will not be paying income tax (no paychecks) and collecting welfare instead. Retirees will get pensions paid by the government. It's really THAT bad out here right now. A lot of people have their entire lives riding on this "bailout"
I work for Toyota so my job is safe, but I just can't believe how many people are getting laid off.... it's nuts